Question

is a situation whereby a court of competent jurisdiction has declared a person or other entity insolvent, having passed appropriate orders to resolve it and protect the rights of the creditors. (A) Bankruptcy (B) Currency crunch (C) Insolvency (D) Bad loans CA​

Answer 1

Answer:

is a situation whereby a court of competent jurisdiction has declared a person or other entity insolvent, having passed appropriate orders to resolve it and protect the rights of the creditors. (A) Bankruptcy (B) Currency crunch (C) Insolvency (D) Bad loans CA

Answer 2

Answer:

is a situation whereby a court of competent jurisdiction has declared a person or other entity insolvent, having passed appropriate orders to resolve it and protect the rights of the creditors